Digital Realty Trust (NYSE:DLR) Price Target Lowered to $139.00 at Barclays

Digital Realty Trust (NYSE:DLR) had its price target lowered by Barclays from $142.00 to $139.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Finally, Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $151.40 on Thursday. Digital Realty Trust has a 52-week low of $135.54 and a 52-week high of $198.00. The firm has a fifty day moving average of $163.27 and a 200-day moving average of $169.78. The firm has a market capitalization of $50.97 billion, a P/E ratio of 93.46, a PEG ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, analysts predict that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s payout ratio is 301.23%.

Hedge Funds Weigh In On Digital Realty Trust

Large investors have recently bought and sold shares of the stock. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc boosted its position in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.